Georg Schaeffler was a German entrepreneur and inventor who left an indelible mark on the world of engineering and technology. He was the founder of the Schaeffler Group, one of the world's largest automotive and industrial suppliers, and the inventor of
Georg Friedrich Wilhelm Schaeffler is a German billionaire businessman and owner of 80% of the holding company INA Holding Schaeffler GmbH & Co. KG, which includes the manufacturer of rolling element bearings Schaeffler AG. His mother, Maria-Elisabeth Schaeffler, owns the other 20%. Both inherited their fortune from Schaeffler's father, Georg Schaeffler, who died in 1996. Schaeffler is the head of the supervisory board of Schaeffler Group and a member of the supervisory board of Continental AG. As of May 2023, Schaeffler was ranked by Forbes as the 171st richest person in the world, with a net worth of $10.2 billion.